Form 4: Universal Display SVP's Equity Grant & Tax Withholding

Universal Display's SVP of Tech Commercialization, Janice K. Mahon, reported an equity grant as part of her 2026 compensation and shares withheld for tax obligations.

Summary

• Janice K. Mahon, SVP of Tech Commercialization at Universal Display Corporation, received a grant of 7,300 common stock units on February 17, 2026, as part of her 2026 Long Term Incentive Plan compensation.
• These granted units are subject to time-based restrictions, with one-third of the total amount vesting annually on February 17, 2027, 2028, and 2029.
• Mahon disposed of 770 shares of common stock on February 18, 2026, at a price of $119.92 per share.
• This disposition was executed to satisfy tax liabilities incurred in connection with the vesting of 1,998 previously granted restricted stock shares on the same date.
• Following these transactions, Mahon's direct beneficial ownership of common stock is 59,116 shares.
• The reported beneficial ownership also includes shares acquired through the Universal Display Corporation Employee Stock Purchase Plan (ESPP) on March 31, 2025 (35 shares), June 30, 2025 (31 shares), September 30, 2025 (34 shares), and December 31, 2025 (36 shares).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine disclosure of executive compensation and tax-related transactions, which are standard operational events for publicly traded companies and do not indicate a significant shift in company outlook or performance.

Positives

• The grant of 7,300 common stock units to a Senior Vice President aligns management incentives with long-term shareholder value through a multi-year vesting schedule.

Negatives

• The disposition of 770 shares was for tax withholding purposes, a routine event that does not reflect a negative outlook on the company by the insider.

Future Outlook

The granted common stock units are scheduled to vest in three equal tranches on February 17, 2027, 2028, and 2029, indicating a long-term incentive structure for the reporting person.

Management Comments

• The 7,300 units were granted to the Reporting Person under the Company's Long Term Incentive Plan as part of the Reporting Person's 2026 compensation.

Industry Context

StockSavvy.ai notes that executive equity grants, often with multi-year vesting schedules, are a standard practice across the technology and specialized materials sectors. This approach is designed to align the long-term interests of key management personnel with those of shareholders, fostering retention and incentivizing performance. The tax-related disposition of shares is also a common and expected event following the vesting of restricted stock.

Stakeholder Impact

• Shareholders: The equity grant aligns executive incentives with long-term shareholder value. The tax-related share disposition is a routine event with minimal impact.

Next Steps

• One-third of the 7,300 common stock units are scheduled to vest on February 17, 2027.
• One-third of the 7,300 common stock units are scheduled to vest on February 17, 2028.
• One-third of the 7,300 common stock units are scheduled to vest on February 17, 2029.

Key Dates

Recommendation

This Form 4 details routine executive compensation and tax-related share dispositions, which are standard operational events and do not provide new fundamental information to alter an investment thesis. The transactions reflect ongoing compensation practices rather than a change in company fundamentals or strategic direction.

Keywords

OLED, Universal Display, Form 4, insider transaction, equity grant, stock compensation, executive compensation, restricted stock units